When was property at 740 Lagoon Road built and last sold?

The property at 740 Lagoon Road was built in 1989 and last sold on Apr 21, 2016 for $1,325,000.

How much is this home worth?

The estimated value of the home located at 740 Lagoon Road is $3,042,368.

What are some comparable homes to 740 Lagoon Road?

There are currently no comparable homes to 740 Lagoon Road.

Vero Beach

32963

740 Lagoon Road

Sold on May 29, 2026

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Video Tour

$2,950,000

● House - Off Market

740 Lagoon Road

Vero Beach, FL 32963

4 Beds

5 Baths, 1 Half Bath

5,080 Ft²

$17,072

Est. Monthly

$390

HOA / Fees

0.83%

Cap Rate

About This Property

BEST BUY ON THE WATER! Effective year built 2005! Nestled within the prestigious gated community of Riomar Bay II this custom-built canal home offers an unparalleled waterfront lifestyle. Relax and entertain under the beautiful covered lanai off the living rm with serene canal views; the built-in grill beckons you to dine alfresco. 4 bedrooms each boasting ensuite baths promise comfort & privacy throughout. A 2nd-floor balcony overlooks the canal, gazebo & the resort-style pool & spa. Elevator, loft, office, wood floors, and a new dock. 2-2022 & 2-2018 AC units. Sizes approx./subj. to error.

Unit Size

5,080 Ft²

Days on Market

966 days

Land Size

Price per sqft

$589

Property Type

House

Property Taxes

$2,001

HOA Dues

$390

Year Built

1989

Payment Calculator

Cap Rate Calculator

Last updated: 5 months ago (Indian River #272020)

Price History

Date / Event	Date	Event
May 29, 2026	Sold	Premium
Sold
Mar 3, 2026	In contract	-
In contract
Jun 10, 2025	Price Decreased	$2,990,000 ↓ $309K (9.4%)
Price Decreased
Oct 6, 2023	Listed by Dale Sorensen Real Estate Inc.	$3,299,000
Listed by Dale Sorensen Real Estate Inc.
May 3, 2016	Sold	Premium
Sold
Dec 28, 2010	Sold	Premium
Sold

Property Highlights

Garage

Elevator

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1989

Effective Year Built: 2005
Building Count: 1
Total Rooms: 9
Bedroom Count: 3
Bathroom Count: 5
Full Bathrooms: 5
Partial Bathrooms: 5
Bathroom Plumbing Fixtures: 15
Building Condition: 0
Building Quality: 1
Construction Type: 6
Building Style: 0
Exterior Walls Type: 23
Interior Walls Type: 3
Roof Shape Type: 8
Roof Cover Type: 4
Floor Count: 200
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Parking Type: 5
Garage Type: 1
Garage Square Area: 644
Parking Space Count: 2
Patio Type: 11
Porch Type: 111
Pool Type: 8
Location Influence Type: 71

Dimensions

Lot Size Square Feet: 25,265

Lot Size Depth Feet: 2,307
Lot Size Frontage Feet: 1,194
Total Building Area: 5,724
Gross Building Area: 6,198
Building Area: 5,080
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 5,080
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: RIOMAR BAY UNIT TWO REPLAT LOTS 34 & 35
Land Acres: 0000000580
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 01
Legal Description 1: REPLAT OF RIOMAR BAY UNIT TWO OF LOTS 34 & 35 PBI 14-12; LOT 34

Neighborhood

School District Name: Indian River County School District

Census Tract: 050504

Zoning

Zoning: R-1AA

Geography

Parcel: 33-40-05-00029-0000-00034.0

Lot: 34,35
Meridian: SEC 05 TWN 33S RNG 40E
Municipality: CITY OF VERO BEACH
Latitude: 27.6345
Longitude: -80.3592

Address

Full Address: 740 Lagoon Rd

Legal Unit: TW
Address - House Number: 740
Address - Street Name: Lagoon
Address - Suffix Type: Rd
State: FL
City Name: Vero Beach
Carrier Code: C016
4-Digit Zip Code: 2259
Zip Code: 32963

Valuation

Tax

Total Area: 5,823

Tax Year: 2022
Tax Amount: $2,139,561
Tax Rate Code Area: 8

Appraisal Valuation

Standard Deviation: 0.179

Valuation Date: Mar 27, 2024
Confidence Score: 76
Final Value: 3,470,957
High Value: 4,092,513
Low Value: 2,849,401

Market Valuation

Market Total Value: $1,977,315

Market Land Value: $850,000
Market Improvement Value: $1,127,315

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $1,404,056

Sales

Current Sale Contract Date: Apr 21, 2016

Current Sale Recording Date: May 03, 2016
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 3120160025069
Previous Sale Recording Date: Dec 28, 2010
Previous Sale Contract Date: Dec 21, 2010
Previous Sale Amount: $1,175,000
Previous Sale Document Type: 71

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Vero Beach

Stats & Trends

Median Asking:

$499,700

Sale Price/ft²

$334

Below Asking

0.04%

Average Days on Market

Average Home Size

1935 ft²

Average Home Age

47.6 years

Currently For Sale

207 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 626 Honeysuckle Lane, Vero Beach, FL, 32963

$4,950 /mo

3 Beds
2 Baths
1,594 ft²

626 Honeysuckle Lane, Vero Beach, FL, 32963 Listing by Carolyn E Mac Evoy

Unit for rent at 1200 Poitras Drive, Vero Beach, FL, 32963

$4,700 /mo

4 Beds
2 Baths
2,829 ft²

1200 Poitras Drive, Vero Beach, FL, 32963 Listing by Pauline B O'Rourke

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Matilde G Sorensen, Dale Sorensen Real Estate Inc.
Last Updated: 5 months ago
Data Source: RAIRC, MLS# 272020

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.